ICICI Prudential Income Optimizer Fund(FOF) Growth
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|Risk||Moderately High risk|
|Fund Type||Fund of Funds|
|Exit Load||1% for 365 Days|
More about this fund
|ICICI Pru Medium Term Bond Dir Gr||62.15%|
|ICICI Pru Corporate Bond Dir Gr||26.91%|
|ICICI Pru India Opports Dir Gr||6.62%|
|ICICI Pru Smallcap Dir Gr||3.99%|
|Net Current Assets||0.2%|
About ICICI Prudential Advisor –Hybrid
Being an open ended fund of fund, the scheme seeks to generate long term capital appreciation by investing lesser extent (maximum 35%) in equity and equity related securities and generate regular income having asset allocation primarily to fixed income securities through investments in the ICICI Mutual Fund schemes.
Pros and Cons of ICICI Prudential Advisor – Hybrid
- This product is suitable for those who are seeking:
- Long term capital appreciation or growth.
- The fund is invested in equity and debt oriented mutual funds.
Fund Information and Statistics of ICICI Prudential Advisor – Hybrid
Inception/ Launch Dat
The ICICI Prudential Advisor-Hybrid Fund was launched on 18 December 2003, by ICICI Prudential Mutual Fund.
Investment done in this fund has balance between low -risk debt and high -risk equity. This scheme falls in the moderately high- risk category. The guarantee of any returns is not assured by this scheme.
The dispatch of redemption proceeds within 10 business days from the date of receipt of the redemption request. The scheme is open all business days for the redemption or the repurchase of units at NAV based prices.
Mr. Manish Banthia since June 2017 and Mr. Dharmesh Kakkad since May 2018 are the fund managers of ICICI Prudential Advisor-Hybrid Fund.
Entry/ Exit Load
The entry load for this scheme is NIL. The exit load of 0.25% is applicable for the redemption of units within 1 month from the date of allotment of units.
Tax benefits of investing in ICICI Prudential Advisor-Hybrid Fund
Long term capital gains are taxed at the rate of 20% after indexation. The short term capital gains are taxed according to the investor’s income slab.
About ICICI Prudential Mutual Fund
ICICI Prudential is one the leading mutual fund companies of India. It is the largest asset management company caters primarily to retail investors. The schemes of ICICI Prudential mutual funds are convenient and fulfill long term as well as short term financial goal.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns